11.52 -0.02 (-0.17%)
After hours: 4:57PM EDT
|Bid||11.52 x 800|
|Ask||11.55 x 21500|
|Day's Range||11.30 - 11.56|
|52 Week Range||4.82 - 14.47|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.49|
Snap’s latest feature to go viral is a reminder of why its social media rivals copy the ephemeral messaging app time and again.
Must-Know Updates from Tencent, Instagram, and Snapchat(Continued from Prior Part)Tencent’s gaming revenue fell 1% YoY in Q1Chinese authorities froze license approvals for new games in the country in 2018, which has severely dampened Tencent’s
Must-Know Updates from Tencent, Instagram, and Snapchat(Continued from Prior Part)Snap’s stock surged after Instagram killed Direct Snapchat-parent Snap’s (SNAP) stock has struggled since the initial surge after going public, as Facebook’s
were rising in premarket trading after the social media company announced that Derek Andersen will take over as the company's new chief financial officer, taking over for interim finance chief Lara Sweet following the departure of Tim Stone. Sweet will become Snap's chief people officer. Andersen will report directly to CEO Evan Spiegel.
During Jim Cramer's Mad Money program Monday night he ranked the four big social media companies. was included but Cramer said while the stock is up an astounding 103% from its lows, the company is still too inconsistent for it to rank any higher than dead last. In the daily bar chart of SNAP, below, we can see that prices peaked in June/July of last year in the $12-$15 area and declined to a late December low around $5.
"My gender's not a costume," says Bailey Coffman, a 31-year-old transgender woman from New York. Some argue that the filter, which Snapchat calls a "lens," could be a therapeutic tool that leads to self-discovery and even helps ease the transition of people struggling with gender identity once they see who they could become. "There are people who haven't found themselves yet, and this is a great way to say 'This is really affirming for me' and to take that next step," says Savannah Daniels, 32, a military veteran living in Baltimore.
Snap Inc. didn’t have to look far for its new chief financial officer. The Venice, California-based social media company has promoted Derek Andersen to the role. Interim CFO Lara Sweet had been serving in the role since Tim Stone unexpectedly resigned earlier this year.
Snap Inc. (SNAP) today announced the appointment of Derek Andersen, currently Snap’s Vice President of Finance, as Chief Financial Officer. Mr. Andersen will take over the responsibilities of interim CFO Lara Sweet and report to CEO Evan Spiegel. Snap also announced the appointment of Lara Sweet as Chief People Officer.
Pinterest (NYSE:PINS) went public in April. Its first-day return was 28.4%. Snap (NYSE:SNAP) went public in March 2017. While Pinterest stock has an amount of risk, Snap stock still has been really bumpy since its opening. Source: Shutterstock Its first-day return was 44.0%. Both raised more than $1 billion in their respective IPOs, and both don't make money.So, which would you buy? SNAP stock or Pinterest?InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an intriguing question. * 7 High-Yield REITs to Buy (Even When the Market Tanks) A Look at SNAP StockIn March, I discussed the reasons why I wouldn't bet on SNAP. For me, it came down to the fact it had doubled in price in less than six months, this for a company that was having troubles hanging on to users and losing a boatload of money. That being said, I did finish by stating that if you were someone with a high-risk tolerance, SNAP stock was one of the more intriguing low-priced stocks available. Since then it reported Q1 2019 results April 23 and they were better than expected with a loss of $0.10, two cents better than the consensus. On the top line, forecasted revenue was $320 million, 4.2% higher than the analyst estimate. Finally, daily active users and ARPU were 190 million and $1.68 respectively, both well clear of analyst expectations. However, it's stock actually fell on the news, and it's been on a downward trend ever since, although it's still well above $10, which it first hit in February. The problem, as analysts and InvestorPlace's own Will Healy recently pointed out, is that Snap's got a long way to go before it is profitable. "Analysts predict Snap will continue to lose money until at least 2022," Healy wrote May 7. "This means the company has to either increase debt or dilute its stock further to stay in business, let alone fund a counterthreat to Instagram."If you follow Tesla (NASDAQ:TSLA), you're absolutely aware of the stress an ongoing cash crunch puts on a company. One wrong move and it could be lights out. That's never an easy thing to put out of your mind if you're the CEO. However, Snap CEO did get a little good news about Instagram May 16. Facebook (NASDAQ:FB), which had been testing Direct, a standalone messaging app for Instagram users, will now integrate the messaging capabilities directly into the Instagram app itself, saving Snap one less aggravation. SNAP stock jumped more than 7% on the news. My stance on SNAP hasn't changed.While I wouldn't own it, I do feel it continues to move in the right direction. If it can continue to keep the lights on until becoming profitable, aggressive investors are wise to consider it. What About Pinterest?Pinterest stock was having a strong first month as a public company until it announced its first earnings report May 16 after the markets closed. Investors didn't like the news. As I write this, Pinterest stock has given back all be about 7% of its post-IPO gains. Investors knew heading into Pinterest's Q1 2019 earnings that it was losing money so the fact that it announced a loss of $41.4 million, 21% lower than a year earlier, should not have come as a surprise to anyone. However, analysts were expecting a loss of 11 cents. The fact that Pinterest came in 200% higher with a 33-cent loss spooked investors."There is a lot of trepidation in the market today because of what we just saw with Uber and Lyft," said John Mullins, associate professor of management practice at the London Business School.Frankly, the fact that it grew revenues by 54% in the quarter to $202 million and reduced the amount of its loss year over year, are signs it could get to profitability long before Snap does. The biggest positive I see looking through Pinterest's Q1 report is the future potential of its international audience. Its monthly active users outside the U.S. grew 29% to 206 million, almost three times higher than those in the U.S. Yet, its average revenue per user internationally was a mere 8 cents compared to $2.25 in the U.S.Should Pinterest take advantage of its international user base in terms of advertising, the sky's the limit. The Bottom Line on Pinterest StockAlthough Snap is making strides in its business, if you put a gun to my head and forced me to buy one of the two stocks, I would definitely go with Pinterest. From where I sit, the risk associated with Pinterest stock is far less than with SNAP. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post When It Comes to Risk, Pinterest Stock Is a Better Buy Than Snapchat appeared first on InvestorPlace.
Social media firm Snap (NYSE:SNAP), the owner of the Snapchat social network, is one of 2019's most obvious redemption stories. After slumping for much of its life as a public company following its March 2017 initial public offering, Snap stock has more than doubled in 2019.Source: Shutterstock On Thursday, Snap stock jumped 7.13% on volume that was nearly 50% above the daily average after newly public rival Pinterest,(NYSE:PINS) forecast 2019 revenue of $1.055 billion-$1.08 billion, roughly in-line with the $1.06 billion analysts, on average, were expecting. * 7 High-Yield REITs to Buy (Even When the Market Tanks) That was a one-day sympathy rally, but Snap stock has had some credible winds at its back this year. Snap reported a first-quarter loss of 10 cents per share on revenue of $320 million, much better than the loss of 12 cents per share on revenue of $306 million that analysts, on average, had expected.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Snap offered second-quarter revenue guidance of $335 million to $360 million, putting the midpoint slightly ahead of an analyst projection for $345.5 million," according to Barron's. Not Everyone's ConvincedWhile the redemption of Snap stock this year is irrefutable, some analysts and investors remain skeptical about Snap Inc stock. That is an easy posture to have after a stock more than doubles, but more importantly, Snap faces multiple competitive threats from the likes of Facebook Inc. (NASDAQ:FB), Twitter (NYSE:TWTR) and Pinterest, among others.Plus, Snap stock trades at 12 times its sales and seven times its book value, multiples that are higher than the comparable metrics on Facebook, a profitable, mega-cap company.The average analyst price target on Snap stock is about $11.50, nearly exactly where the stock closed on May 17. Some analysts are not so optimistic.JPMorgan Chase analyst Doug Anmuth recently reiterated his Underweight rating on Snap stock. Looking at some of the price targets that are above where Snap currently resides, those analyst forecasts imply upside of just 5%-10% from current levels.Conversely, some analysts are more optimistic about the shares of the social media firm."As a result, we believe Snap is likely to become profitable over the next five years. We are maintaining our $14 per share fair value estimate for Snap," said Morningstar. "After rising more than 140% from its 52-week low in December to its $12 range currently, the stock is trading in 3-star territory and we recommend waiting for a wider margin of safety before investing in this no-moat and very high uncertainty brand."And for the uber-bullish, RBC analyst Mark Mahaney believes Snap Inc stock can surge all the way back to the magic number of $17, its IPO price. The Bottom Line on Snap StockSnap stock has recently encountered some lethargy. Even with its big pop on May 16, the shares are down about 2% in May.Adding to the case for caution towards Snap stock, the company still is not profitable, and as the spate of recent "unicorn" IPOs suggest, Wall Street does not have the patience it once had for money-losing social media and technology companies. By some estimates, Snap will not break even on an EBITDA basis for another two years.The near-term bottom line for Snap stock is that it could be vulnerable to some profit-taking, but the company is retaining younger users and growing that base and has some potentially compelling initiatives underway. Consequently, investors who want to be engaged with the social media stock right now can consider buying a small amount of Snap stock.As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post After an Epic Rebound, Snap Stock Could Test Investors appeared first on InvestorPlace.
Snap has opted to promote two executives internally to its finance and human resources chief roles, as part of a management overhaul after the social media company suffered a string of high-profile departures. The company said on Monday that it had appointed Derek Andersen, its vice-president of finance, as chief financial officer, effective immediately. Lara Sweet, Snap’s chief accounting officer and its interim chief financial officer, will become the chief people officer, it said.
Shares of Facebook (NASDAQ:FB) haven't been able to sidestep the selling pressure over the past few weeks. Shares have pulled back, with FB stock falling from roughly $200 down to $180. However, the pullback has been very orderly so far and is even finding some moving average support.Source: Shutterstock Is this investors' chance to hop on the Facebook train or should they stay clear in the event of more selling?With the trade war hitting U.S. stocks, virtually all industries are under pressure, even though not all of them are impacted by the trade war. For instance, cloud companies like Adobe (NASDAQ:ADBE) or Salesforce (NYSE:CRM) won't see their businesses impacted by the trade war. Nor will Twilio (NYSE:TWLO) or Splunk (NASDAQ:SPLK). Worth mentioning is that Facebook isn't allowed in China, although its WeChat has plenty of global exposure.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy point is, even though some of the companies above aren't impacted by the trade war, their stocks are still under pressure. FB stock is no exception either. Maybe the indices have already bottomed from these headlines, but it doesn't feel like it. If we have one or two more down legs to do go, investors will get a better shot at Facebook stock. That said, traders have a reasonable risk/reward situation with FB right now, should the markets hold up. Trading FB Stock Click to EnlargeSo far, uptrend support (blue line) and the 50-day moving average are holding up for FB stock. That's a perfect spot for traders to watch, too. A pullback in a strong stock to its 50-day usually draws in buyers, even if only for the short-term. Facebook at least has that going for it right now. * 7 Tech Stocks to Buy That Are Also Perfect for Retirement The key is to see what kind of bounce we get. Is it a modest 1% to 2% rally or does it send FB stock back to recent highs near $195? If it clears $195, $200 is on deck. Over the 61.8% Fibonacci retracement at $182.10 increases the odds for a retest of the 20-day moving average and gives some momentum to bulls.Should the selling accelerate in the overall market and FB stock gets pulled down, there are levels of support below too. A price of $170.82 marks a 50% retracement and down near $159.50 is the 38.2% retracement. The latter comes into play near the 200-day moving average and is a key level of support. Conveniently, $170 could be decent support too, it just depends on the aggressiveness of sellers should we get a pullback down to these levels.We may not see that type of decline, but if we do, it will pay to know where FB stock can hold up. Valuing Facebook StockIt was like the sky was falling with Facebook stock over the past year, as investors were dumping the social media giant hand over fist. That's despite it having the best financials and metrics compared to peers like Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).Privacy concerns and worries about leadership caused investors to puke up the stock. Never mind that FB stock has one of the strongest balance sheets in the stock market and is a cash-flow machine.Analysts expect the company to earn $7.05 per share this year. That's down almost 7% from the prior year. The plus side is that they expect 32% earnings growth to $9.32 per share in fiscal 2020. On the revenue front, growth is doing anything but slowing. Estimates call for 24% growth this year and 21% next year. * 7 Stocks to Buy that Lost 10% Last Week Social media is far too efficient for businesses to ignore when it comes to advertising and it's far too addicting for users to put down. So long as that remains the case, Facebook will be in business. That bodes well for long-term investors, particularly given the balance sheet strength of FB stock.Long-term investors may consider waiting for a larger correction in FB stock should they want to bet on the continued growth in social media. Otherwise they could consider a nibble of Facebook near current levels.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Can Facebook Stock Rally Back to $200? appeared first on InvestorPlace.
Facebook Inc. is axing Direct, a standalone app for Instagram direct messaging that was meant to compete with Snap Inc.'s Snapchat app. Snap shares are up more than 7% in midday trading Thursday. Facebook's Instagram will continue to create new features for Direct but no longer house the product in its own distinct app, according to TechCrunch, which reported on the app closure. An Instagram spokesperson confirmed to TechCrunch that the company is "rolling back the test of the standalone Direct app." Instagram will wind down Direct in the month ahead. Facebook shares are up 0.9% in midday trading, and they've gained 43% so far this year as the S&P 500 has risen 15%.
Wall Street will be looking for signs of whether Pinterest can maintain its momentum when the company reports first-quarter 2019 earnings on Thursday afternoon.
TikTok's owner has launched a new messaging service that could pose a threat to Facebook and Snapchat. CNBC's Julia Boorstin reports.
Snapchat's new photo filter that allows users to change into a man or woman with the tap of a finger is not necessarily fun and games for transgender people. (April 20)